What is Dether? A mobile app that lets you cash-in and cash-out cryptocurrency, with no fees taken by the company.
Dether’s beta app is a peer-to-peer marketplace that allows anyone to buy crypto directly from other people nearby and spend it at physical stores located on the Dether map.
Users can also sell crypto, with the freedom to set their own fees. As this is the beta version of the Dether app, you can currently buy and sell ether for cash, and exchange ether for a variety of ERC20 tokens (and exchange those ERC20 tokens for ether). The next version of the app will have even more cryptocurrencies available to buy and sell.
Who was Dether created for? Everyone.
Especially unbanked individuals. Buying cryptocurrency presents many obstacles: fiat currency barriers, the need for a bank account, and certain geographical limitations. Individuals are often excluded from using cryptocurrency if their national currency is not accepted on a major exchange or if they don’t have a bank account or passport, leaving the world of dApps (decentralized applications) inaccessible. We’ve changed that, by releasing Dether in over 140 countries and giving millions of unbanked users access to crypto.
How Does Dether Work?
Dether addresses individuals interested in buying and selling cryptocurrency for fiat currency and finding shops where they can spend their cryptocurrency. Individuals can become an exchange by registering their point of sale on the Dether map.
Anyone can now:
- Create and use the Dether wallet to transact with individuals and shops that accept crypto.
- Exchange ETH to ERC20 tokens and vice versa.
- Find crypto buyers and sellers nearby via the Dether map.
- Discuss trade conditions through the messaging application, Telegram, and schedule an appointment in order to make a transaction.
- Make a successful transaction secured by Dether smart contract, and automatically obtain a better reputation!
> Read a step-by-step guide to using the Dether app here!
What makes Dether Special? Decentralization
Decentralization is at the heart of our mission:
- No funds are held by any external entity. There’s no middleman between you and your funds.
- We don’t take any fees on the transactions.
- The reputation system is decentralized and based on the user’s participation in the ecosystem.
- We don’t have access to conversations between users.
- Because it’s a progressive web app, users aren’t inhibited by iOS or Android restrictions.
“We are building a decentralized, cash-in and cash-out marketplace, meaning that no central entity has any control over the user’s accounts, funds, or conversations. No funds are held. Each individual has their own private key located in their device. Conversations are peer-to-peer. The decentralized reputation system is based on the user’s number of trades and volumes. As a company, we don’t take any fees on the transactions between buyers and sellers.”
-Mehdi Amari, Dether cofounder.
A built-in wallet and exchange and stablecoin integration with Dai
For users shying away from volatility, Dether and MakerDAO, creators of the Dai stable token, have partnered to bring the value and power of a stable token to retailers and individuals worldwide using Dether. By further breaking the barriers to blockchain and crypto adoption, they enable any individual or shop owner to easily switch from any cryptocurrency stabilized against the value of the U.S. Dollar, and vice versa.
Dether also functions as a wallet, and has its own exchange feature integrated, thanks to the AirSwap widget. This allows users to trade directly for DTH, without having to access a centralized exchange.
Dether’s partnership with AirSwap allows users to access other ERC20 tokens, acting as a bridge to other exciting blockchain projects.
Available in more than 120 countries
The app is now available in over 120 countries*!
“We are thrilled to be releasing the Dether app across countries in Africa, South America, and Asia. There are more than 2 billion adults that remain unbanked in these regions. Whether it’s for remittance, investment, or as a response to hyperinflation, we believe that these markets are in critical need of the ability to easily buy and sell cryptocurrency for cash.”
-Hamid Benyahia, Dether cofounder.
Comfortable trade ceilings and a Dether license for the first 1000 users
With the Dether beta app, users can trade up to 1000 USD a day. We are also offering the Dether seller’s license to the first 1000 early-access users that register as a seller on the Dether map!
Is it available on iOS? Android?
Both! Dether’s Beta App is a progressive web app (PWA) available on both iOS (using Safari) and Android (using Chrome).
You can download the Dether app here.
*List of countries in Alphabetical order:
Antigua and Barbuda
British Virgin Islands
Central African Republic
Congo — Brazzaville
Congo — Kinshasa
Hong Kong SAR China
Saint Kitts and Nevis
Saint Vincent and the Grenadines
São Tomé and Príncipe
Turks and Caicos Islands
United Arab Emirates